(PRESS RELEASE) MUMBAI, INDIA — Hari Krishna Export Pvt. Ltd. (HK), a leading diamond manufacturing and exporting company, has announced a strategic collaboration with iTraceiT, a software solution provider, to implement state-of-the-art technology for diamond traceability. This partnership brings together the expertise of two industry leaders to ensure the highest level of transparency, ethical practices, and customer satisfaction.
iTraceiT’s blockchain and QR-code-based software solution is a set of applications accessible via proprietary web services maintained by iTraceiT. This innovative solution will enable HK to track and trace the journey of its diamonds through every step of the supply chain, from the source to the end consumer. The iTraceiT network provides an immutable, secure, and decentralised platform for the transparent transfer of information. By leveraging this technology, HK will be able to guarantee its diamonds’ authenticity, quality, and provenance.
“We are happy to collaborate with iTraceiT to implement their cutting-edge technology for diamond traceability,” said Mr. Ghanshyam Dholakia, founder & MD of Hari Krishna Export Pvt. Ltd. “Our customers value transparency and ethical practices, and this collaboration underscores our commitment to meeting their expectations. We are confident that the iTraceiT solution will enhance our ability to deliver high-quality, responsibly-sourced diamonds to our customers.”
The diamond industry has been facing challenges related to traceability and ethical practices. By leveraging iTraceiT’s innovative technology, HK aims to address these challenges and promote a more sustainable and ethical diamond industry.
“This partnership marks a significant milestone for the diamond industry,” said Mr. Frederik Degryse, CEO of iTraceiT. “We are proud to collaborate with Hari Krishna Export Pvt. Ltd., a company that shares our commitment to transparency and responsible business practices. By providing a secure and transparent platform for the transfer of information, we aim to create a more ethical and sustainable diamond industry.”
About Hari Krishna Export Pvt. Ltd.
Hari Krishna Exports Pvt. Ltd. (HK) is a leading diamond and jewellery manufacturing company based in India. With over 30 years of experience, HK is known for its vertical integration, sourcing 80% of its diamonds directly from miners. The company has a wide range of diamonds available in various sizes and shapes, with an inventory of over 60,000 diamonds accessible through its website and mobile app. HK has received numerous awards for its diamond exports and operates in more than 86 countries. With a USD $1.5 billion turnover, HK is recognised as a billion-dollar company with a strong focus on customer satisfaction and a skilled workforce of over 8,000 individuals.
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About iTraceiT
iTraceiT is a software solution provider based in Belgium. The company offers a blockchain and QR-code-based solution for traceability, enabling users to track and trace the journey of any product through a supply chain from its origin to the end consumer. The iTraceiT network provides an immutable, secure, and decentralised platform for the transparent transfer of information.
